This property looks like a bad Long-Term investment with a projected -17.46% first-year return on $130k initial cash invested.
-17.46%
Cash On Cash
3.17%
Cap Rate
0.48
DSCR
$2,969
Rent
-$1,897
Cashflow
Cash Flow
$2,969 income − $4,866 expenses = $1,897 out of pocket
Investment Breakdown
|
Purchase Price
$621k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$130k
Downpayment
20%
$124k
Closing costs
1%
$6,208
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,969
Total Expenses
$4,866
Mortgage P&I
114%
$3,388
Property Taxes
15%
$434
Home Insurance
7%
$219
HOA
2%
$54
Property Management
10%
$297
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0